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FUIB reports 3.7 percent growth in retail deposits

The First Ukrainian International Bank (FUIB) on Monday said retail deposits grew 3.7 percent in October.

In September and October, the bank added 1,500 new clients. The bank attributes this growth partly to a new deposit program called "Calm." It allows clients a maximum profitability of 11 percent in U.S. dollars, with 24 percent available in the Ukrainian hryvnia and 10 percent in euros.

“The success of the bank is conditioned with a high-quality deposit campaign, coordinated efforts of branch managers of the bank and cross-sale units that altogether helped achieve this result," Arkadiy Shider, deputy head of FUIB's crediting and deposits for retail department, said. "I want to specially underline the popularity of the 'Calm' program offered .. by the bank this autumn. This (program) was developed with maximum consideration of the current needs of customers who do not want to risk placing their money (somewhere) for the long term in the present (economic climate)."